Nev. Admin. Code § 704.6512

Current through November 25, 2024

Section 704.6512 - "Income tax gross up" defined

"Income tax gross up" means the additional contribution amount calculated pursuant to NAC 704.6532 which is required to indemnify the utility for the additional income tax liability as a result of section 118 of the Internal Revenue Code, 26 U.S.C. § 118, as amended (i.e., "related income tax impact").

Added to NAC by Pub. Service Comm'n, eff. 8-31-89; A by Pub. Utilities Comm'n by R152-10, 11-1-2012

NRS 703.025, 704.210